House prices in the UK rose by more than 8% over the last year
House prices across the UK rose by 8.2% in the year to April, bringing the value of an average property to £209,054.
On a monthly basis, prices rose by an average 0.6% between March and April.
Looking at England alone, there was annual price increase of 9.1%, which takes the average property value to £224,731. Monthly house prices rose by 0.7% between March and April this year.
Wales showed an annual price increase of 1.7%, which takes the average property value to £139,385. However, prices fell by 1.9% between March and April.
The regional data indicates that:
- London experienced the greatest increase in its average property value over the last 12 months with a movement of 14.5%
- the North West experienced the greatest monthly growth with an increase of 2.3%
- the North East saw the lowest annual price growth with an increase of 0.1%
- the South West saw the most significant monthly price fall with a movement of -2.8%.
The House Price Index data is provided by the Land Registry.
Please contact Dipak Odedra or Shyam Patel if you would like advice about the legal aspects of buying or selling a home.